Route Development
Sun Group Assumes Control of Phu Quoc International Airport for APEC 2027
Sun Group takes over Phu Quoc International Airport operations in 2026 to expand capacity and support APEC 2027 with a major infrastructure investment.

This article is based on an official press release from Sun Group and supporting industry data.
Sun Group Officially Assumes Control of Phu Quoc International Airport Ahead of APEC 2027
In a landmark shift for Vietnam’s aviation sector, Sun Group officially assumed the management and operation of Phu Quoc International Airport (PQC) on January 1, 2026. The transfer marks a significant deepening of the country’s “socialization” policy, moving a critical national gateway from the state-controlled Airports Corporation of Vietnam (ACV) to private administration under Sun Group’s subsidiary, Sun Airport Joint Stock Company (SAC).
According to the official announcement, the handover became effective at 00:00 hours on January 1. The transition was authorized under Decision No. 2405/QD-BXD by the Ministry of Construction and follows the issuance of a new Airport Operation Certificate by the Civil Aviation Authority of Vietnam (CAAV). This move places Sun Group in control of the island’s aviation infrastructure, including runways, taxiways, and terminals, just as the region prepares for a massive influx of global dignitaries.
Operational Transfer and Immediate Priorities
The transfer agreement (No. 01/2025/TT) finalizes the shift of assets from ACV to Sun Airport JSC. While ACV continues to manage the majority of Vietnam’s civil airports, the privatization of the Phu Quoc hub follows the precedent set by Sun Group’s successful development of Van Don International Airport in Quang Ninh.
Government officials have stressed that safety remains the paramount concern during this transition. In statements surrounding the handover, Deputy Minister of Construction Le Anh Tuan emphasized the gravity of the task.
“Ensuring absolute aviation safety is an unwavering principle.”
, Deputy Minister of Construction Le Anh Tuan
A representative from Sun Group stated that their immediate priority is to “ensure safe, stable, and smooth aviation operations” while beginning the process of upgrading passenger service touchpoints to meet international standards.
Strategic Context: The APEC 2027 Mandate
The timing of this takeover is driven by urgent national requirements. Phu Quoc has been selected to host the Asia-Pacific Economic Cooperation (APEC) Summit in 2027. Current infrastructure data indicates the airport is already operating well beyond its design limits, necessitating rapid expansion that the government believes private capital can execute more swiftly.
Addressing the Capacity Crunch
Data regarding the airport’s operational load highlights the necessity for immediate upgrades:
- Design Capacity: 2.65 million passengers per year.
- 2022 Throughput: Over 5.5 million passengers.
- 2025 Projection: Estimated to reach 7 million passengers.
With the airport operating at nearly double its intended capacity, the existing facilities were deemed insufficient for the logistical demands of the APEC Summit.
The “Super Project” Expansion Plan
Sun Group has been approved to lead a comprehensive expansion project with a total investment estimated at VND 22 trillion (approximately USD 900 million). The objective is to transform PQC into a high-class international hub capable of handling 20 million passengers annually by 2030.
Key infrastructure developments outlined in the investment plan include:
- Terminal 2 (T2): Construction of a second international terminal to alleviate congestion.
- Runway Expansion: Extension of the existing runway and the addition of a second runway designed to accommodate wide-body aircraft such as the Boeing 787 and Airbus A350.
- VIP Terminal: A dedicated facility specifically designed to serve APEC 2027 dignitaries and high-profile guests.
Vertical Integration: The “Resort Airline” Model
The airport takeover is supported by the recent launch of Sun PhuQuoc Airways, a strategic component of Sun Group’s ecosystem. Commencing commercial operations on November 1, 2025, the carrier is positioned as Vietnam’s first “Resort Airline.”
According to operational data, the airline launched with a fleet of three Airbus A321NX/CEO aircraft. Aggressive expansion plans aim to grow the fleet to 25 aircraft by the end of 2026. The carrier currently connects Phu Quoc with domestic hubs including Hanoi, Ho Chi Minh City, and Da Nang, as well as international markets in South Korea and China.
AirPro News Analysis
The consolidation of Phu Quoc’s aviation assets under Sun Group represents a masterclass in vertical integration. By controlling the destination (resorts and theme parks), the transport (Sun PhuQuoc Airways), and now the gateway (Phu Quoc International Airport), Sun Group has effectively ring-fenced the tourist experience.
However, this strategy comes with immense pressure. The conglomerate must now balance day-to-day operations for millions of tourists while executing a nearly billion-dollar construction project in under 18 months to meet the APEC deadline. The success of this “socialization” experiment will likely influence future public-private partnerships in Vietnam’s infrastructure sector.
Sources
Photo Credit: Sun Group
Route Development
Port Authority Approves $200M Upgrade for Newark Airport Terminal B
Port Authority allocates $200 million for Newark Airport Terminal B upgrades, starting with $75 million in 2026 to improve passenger facilities until new terminal opens.

The Port Authority of New York and New Jersey (PANYNJ) Board of Commissioners has officially authorized a $75 million investment for immediate upgrades to Terminal B at Newark Liberty International Airports (EWR). According to a recent press release, this funding represents the initial phase of a broader three-year, $200 million modernization initiative aimed at sustaining the aging facility.
This capital injection is designed to serve as a bridge measure. While the agency advances its long-term “EWR Vision Plan”, which includes the construction of a completely new Terminal B slated to open in the mid-2030s, current infrastructure requires immediate attention to handle existing passenger volumes. The $200 million program is funded through the Port Authority’s newly approved $45 billion 2026–2035 Capital Plan.
Work on the initial $75 million phase is scheduled to begin this year, prioritizing the most critical passenger-facing systems and high-traffic areas to ensure the terminal remains functional and comfortable over the next decade.
Bridging the Gap to a New Terminal B
Addressing Historic Overcapacity
Terminal B originally opened 53 years ago in 1973. According to Port Authority data, the facility was initially designed to accommodate approximately 6.8 million annual passengers. However, industry research and agency statistics indicate that in 2025, Terminal B served about 11.5 million passengers, operating at nearly double its intended capacity. The terminal currently serves as a primary hub for international carriers, U.S. Customs facilities, and domestic airlines including JetBlue, Delta, and Allegiant Air.
Phase One Priorities and Future Upgrades
The initial $75 million phase launching in 2026 targets the terminal’s most pressing operational needs. Based on the official project outline, this includes immediate renovations to high-traffic circulation spaces, terminal frontage, lighting, and restrooms. Furthermore, the agency will replace critical mechanical systems, including elevators, escalators, and passenger boarding bridges.
The remaining $125 million of the three-year program will be deployed in subsequent phases. These later stages will cover comprehensive gate area refreshes, featuring new seating, flooring, and lighting, alongside ADA accessibility improvements, HVAC system upgrades, and the refurbishment of aging baggage handling systems.
Leadership Perspectives and the EWR Vision Plan
The Terminal B interim upgrades are part of a massive infrastructure boom across the region, driven by newly installed leadership. New Jersey Governor Mikie Sherrill, who was sworn in earlier this year in January 2026, emphasized the economic impact of the project.
“These immediate improvements at Terminal B are an important first step toward improving the passenger experience, building our economy…” stated Gov. Sherrill in the official release.
Similarly, Kathryn Garcia, who was confirmed as the new Executive Director of PANYNJ in February 2026, highlighted the necessity of addressing everyday traveler pain points.
“We’re replacing what’s worn, upgrading what’s outdated, and making targeted improvements that will be immediately noticeable to anyone who travels through Terminal B,” Garcia noted, pointing to the focus on gate areas, restrooms, and escalators.
Port Authority Chairman Kevin O’Toole reinforced this sentiment, stating that the authorization is a commitment to current travelers, ensuring their experience today is treated with the same importance as the future terminal currently in development.
AirPro News analysis
We observe that the $200 million allocation acts as a highly necessary, albeit challenging, logistical bridge. Maintaining a 53-year-old, over-capacity facility while simultaneously planning its demolition and replacement requires careful capital management. The Port Authority is actively attempting to elevate Terminal B’s passenger experience to align closer to the standard set by the award-winning Terminal A, which opened in 2023. By focusing the $200 million on highly visible, customer-facing upgrades rather than deep structural overhauls, the agency is making a calculated move to relieve passenger frustration and maintain operational viability until the mid-2030s.
Frequently Asked Questions
When will the new Terminal B open?
According to the Port Authority’s EWR Vision Plan, the completely new Terminal B is expected to open in the mid-2030s. The current $200 million investment is an interim measure to maintain the existing 1973 facility until then.
What is included in the first phase of upgrades?
The initial $75 million phase, beginning in 2026, focuses on replacing critical elevators, escalators, and passenger boarding bridges, as well as upgrading restrooms, lighting, and high-traffic circulation spaces.
How is this project being funded?
The $200 million Terminal B modernization program is fully funded under the Port Authority’s record $45 billion 2026–2035 Capital Plan, which also includes the ongoing $3.5 billion replacement of the AirTrain Newark system.
Sources
Photo Credit: Metro Airport
Route Development
Miami International Airport Hits $212B Economic Impact in 2025
Miami International Airport generated a record $212 billion in statewide revenue in 2025, supporting nearly 946,000 jobs and expanding cargo and passenger traffic.

This article is based on an official press release from Miami International Airport.
Miami International Airport Reaches Record $212 Billion Economic Impact in 2025
Miami International Airport (MIA) has solidified its position as Florida’s most critical economic engine, reaching a record-breaking $212 billion in statewide business revenue for the year 2025. According to an official press release detailing a newly released 2026 economic impact study by industry consulting firm Martin Associates, this figure represents a 17 percent, or $31 billion, increase from the previous year.
The economic boom at the South Florida hub is being driven by a combination of surging cargo volumes and sustained high passenger demand. The airport’s direct, indirect, induced, and related activities now support 945,682 jobs statewide. This reflects a 12 percent year-over-year growth, adding more than 100,000 jobs to the Florida economy compared to 2024. To accommodate this unprecedented growth, Miami-Dade County is currently executing a massive $14 billion modernization and capital improvement plan.
Cargo and Passenger Growth Defy National Trends
The 2025 data provided in the airport’s press release highlights significant milestones across both freight and commercial passenger operations, underscoring MIA’s dual role as a global logistics titan and a premier travel hub.
E-commerce and Freight Boom
Freight shipments at MIA skyrocketed by 13.6 percent in 2025, reaching nearly 3.5 million tons. This marks the airport’s sixth consecutive year of record-breaking cargo growth. According to the Martin Associates study, these figures cement MIA’s ranking as the number one busiest cargo airport in the United States. On a global scale, MIA is now the third-busiest cargo hub, surpassed only by Hong Kong and Shanghai.
Passenger Resilience
Despite broader industry headwinds, MIA welcomed 55.3 million travelers in 2025, surpassing the 55-million mark for the second consecutive year. The press release notes that while North America experienced a 2 percent decline in domestic air travel in 2025, MIA outperformed national trends. The airport moved up two spots to become the eighth-busiest passenger airport in the U.S., while maintaining its status as the second-busiest U.S. airport for international travelers.
Infrastructure Upgrades to Support the Boom
Record-breaking traffic often leads to infrastructure strain, prompting local government officials to accelerate major facility upgrades. The economic impact report outlines how the county is addressing these growing pains through extensive capital investments.
The $14 Billion M.I.A. Plan
To accommodate the surge in both cargo and passenger traffic, Miami-Dade County is currently undertaking up to $14 billion in modernization and capital improvement projects, known as the Modernization in Action (M.I.A.) Plan. According to the official release, this multi-year initiative includes the renovation of 126 passenger boarding bridges, 194 public bathrooms, and over 600 conveyance units, including elevators, escalators, and moving walkways. Major upcoming milestones include the opening of the Ibis Garage and the future 300,000-square-foot Concourse K.
Leadership Perspectives
Local leaders emphasized the statewide benefits of the airport’s continued expansion in the official company statement.
“Congratulations to the entire MIA community for delivering another record‑setting year that brought substantial benefits to our local economy, boosting business revenue by $31 billion and creating more than 100,000 additional jobs statewide compared to the previous year. MIA’s role as our region’s most important economic engine is truly unparalleled, which is why up to $14 billion in modernization and capital improvement projects are underway to support our continued growth.”
“Rising passenger and cargo volumes at MIA are directly boosting revenue for our trade and tourism sectors and generating more jobs for our residents, as clearly shown in the airport’s latest economic impact study. As Chair of the Airport and Seaport Committee for the Board of County Commissioners, I remain fully committed to advancing legislation that strengthens our County’s largest economic engine and expands prosperity for both our residents and community partners.”
AirPro News analysis
We view MIA’s 2025 performance as a masterclass in operational diversification. By aggressively expanding its cargo capabilities, now trailing only Hong Kong and Shanghai globally, the airport has effectively insulated itself from the 2 percent contraction seen in the North American domestic passenger market. Furthermore, the staggering $212 billion statewide economic impact, which approaches the combined $242.8 billion impact of both MIA and PortMiami just one year prior, illustrates a rapid acceleration in South Florida’s logistics sector. However, this level of growth makes the $14 billion M.I.A. Plan not just a luxury, but an absolute necessity. If the airport fails to deliver on its promised infrastructure upgrades, including the 300,000-square-foot Concourse K and critical conveyance unit renovations, it risks severe operational bottlenecks that could throttle future economic gains.
Frequently Asked Questions (FAQ)
- What was Miami International Airport’s economic impact in 2025?
According to a study by Martin Associates, MIA generated a record $212 billion in statewide business revenue in 2025. - How many jobs does MIA support?
The airport’s activities support 945,682 direct, indirect, induced, and related jobs across the state of Florida. - How does MIA rank globally for cargo?
MIA is the busiest cargo airport in the U.S. and the third-busiest globally, handling nearly 3.5 million tons of freight in 2025. - What is the M.I.A. Plan?
It is a $14 billion modernization and capital improvement initiative aimed at upgrading airport infrastructure, including boarding bridges, bathrooms, and the construction of a new Concourse K.
Photo Credit: Miami International Airport
Route Development
Nashville Airport Starts $40M Central Core Enhancement in 2026
Nashville International Airport begins a $40 million upgrade to expand escalators and elevators, supporting 40 million annual passengers by 2027.

This article is based on an official press release from Nashville International Airport (BNA).
Nashville International Airport (BNA) is embarking on a major infrastructure upgrade to keep pace with the city’s explosive population and tourism growth. Starting June 1, 2026, the airport will launch a $40 million “Central Core Enhancement” project aimed at modernizing the terminal’s primary circulation areas.
According to the official press release, the 18-month renovation is designed to expand terminal entrance areas and significantly increase elevator and escalator capacity. The ultimate goal is to prepare the facility to handle a projected 40 million annual passengers over the next decade, a sharp increase from previous forecasts.
This enhancement is a critical component of “New Horizon,” the airport’s ongoing $3 billion expansion campaign. Airport officials state that the project will ensure long-term flexibility and uninterrupted passenger flow as Nashville continues to rank among the fastest-growing cities in the nation.
Project Scope and Upgrades
The Central Core Enhancement, designed by Fentress Studios and constructed by Hensel Phelps, focuses heavily on improving passenger mobility within the terminal. As passenger volumes increase, vertical circulation has become a priority for the airport’s design teams.
Scaling Up for 40 Million Passengers
To accommodate the anticipated surge in travelers, the airport plans to increase the number of escalators in the Central Core from six to 16. According to the press release, this expansion aims to create seamless movement between ground transportation, baggage claim, ticketing, and the BNA Plaza.
Additionally, overall elevator capacity will double. The project includes adding one entirely new elevator and replacing two existing ones with upgraded, larger, and faster machinery to improve accessibility and comfort for all travelers navigating the multi-level facility.
Managing the 18-Month Construction Period
While the airport aims to minimize disruptions, the 18-month construction period, slated for completion in December 2027, will alter how passengers navigate the terminal during peak travel seasons.
Temporary Entry Changes and Mitigation
Arriving travelers who park in the Terminal Garages will temporarily enter the airport from the first level instead of the current Central Core entry points. However, the airport notes that passengers being dropped off or picked up will continue to have standard curbside access, and overall parking availability remains unaffected by the construction.
To assist travelers, BNA is deploying additional dedicated staff, implementing enhanced signage, and sharing continuous updates and traveler-perspective videos on its website and social media channels. The airport continues to advise passengers to arrive two hours before domestic departures and three hours before international flights.
Financials and Historical Context
Consistent with BNA’s previous capital improvement projects, the $40 million Central Core Enhancement is funded without the use of local tax dollars. The costs are covered through a combination of bonds, federal and state aviation grants, Passenger Facility Charges (PFCs), and other internal airport funds.
The “New Horizon” Expansion
In 2016, BNA forecasted it would reach 30 million annual travelers. However, during the 2024–2025 fiscal year, the airport welcomed a record-breaking 24.7 million passengers, prompting a rapid shift in projections to 40 million. The current project is part of the broader $3 billion “New Horizon” phase, which follows the “BNA Vision” program completed in February 2024. Combined, these initiatives bring BNA’s total development budget to $4.5 billion since 2017.
“Nashville’s explosive growth continues to outpace ambitious projections, and the MNAA is meeting that challenge with innovative, forward-looking strategies that prioritize the traveler at every step. These enhancements aren’t just about managing higher volumes; they represent our commitment to long-term flexibility, traveler safety and an uninterrupted flow through the terminal.”
, Doug Kreulen, President and CEO of the Metropolitan Nashville Airport Authority (MNAA), in a company press release.
AirPro News analysis
At AirPro News, we note that BNA’s rapid pivot from a 30-million to a 40-million passenger capacity target underscores the unprecedented population and tourism boom in the Nashville region. The decision to heavily invest in vertical circulation, specifically jumping from six to 16 escalators, is a practical response to the bottlenecks often experienced in aging mid-sized hubs that suddenly transition to large-hub status. By securing funding through grants, bonds, and user fees (PFCs) rather than local taxes, the airport authority is following a standard, sustainable model for major US aviation infrastructure projects, insulating local taxpayers from the immediate costs of expansion.
Frequently Asked Questions
When does the Central Core Enhancement begin?
The project officially begins on Monday, June 1, 2026.
How long will the construction last?
The renovation is scheduled to take 18 months, with an estimated completion date in December 2027.
Will parking at BNA be affected?
No, parking availability is not impacted. However, entry points for travelers parking in the Terminal Garages will temporarily shift to the first level.
Are local tax dollars funding this project?
No. The $40 million project is funded through bonds, aviation grants, Passenger Facility Charges (PFCs), and internal airport funds.
Sources: Nashville International Airport (BNA) Press Release
Photo Credit: Nashville International Airport
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